TerryHarmonicTrading
Long

AUDNZD - Price at PRZ, awaiting break of trendline

FX:AUDNZD   Australian Dollar/New Zealand Dollar
4 months ago
Hey guys, analyzing AUDNZD             for some friends.

AUDNZD             is interesting.

It has completed 2 patterns

1. AB=CD pattern
2. Gartley Pattern

Both points to this currency pair rebounding.

However, I will be hesitant to go long until price the breaks the trendline in red.

Downward momentum is still very strong, will not feel safe going long without price showing it wants to break the downtrend first.

This is my plan.

1. Wait for price to break trendline first
2. Buy on retest of yellow zone

Will aim for 1.07 as my target with stops around 1.0250
4 months ago
Comment: No break of daily tl, no trade yet.
Harmonic trader based in Singapore. Learned directly under the great Scott Carney. For FREE live trading webinars, trading resources and market analysis, please do visit my website at Harmonicforex.com
jonclemente177
4 months ago
I hope
Reply
jonclemente177
4 months ago
Thanks
Reply
waterman
4 months ago
Very safe analysis. Thanks.
Reply
TerryHarmonicTrading waterman
4 months ago
thanks man. still waiting patiently.
Reply
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